Key takeaways Receiving money from a parent, sibling, friend or another family member may feel like a straightforward transfer, especially when it is meant to support a home purchase, meet a financial need or simply pass on family wealth. But a large transfer can have different tax implications depending on who gives it and why […]
See how increasing your SIP contribution each year can help you build a larger corpus for long-term financial goals.
Financial calculators help you check whether your income can support your financial needs
A complete guide to ITR-4 deductions
Receiving an income tax refund doesn’t prevent you from filing a revised return. Under Section 263(5) of the Income Tax Act 2025, a taxpayer can file a revise return if they discover an omission or wrong statement in a return already furnished. This applies to an original return as well as a belated return filed […]
Missing the ITR filing deadline can leave you wondering what happens next. Whether you can still file your ITR? What you may have to pay, and whether you have missed your chance completely? The good news is that missing the original ITR filing deadline doesn’t mean you can’t file your return. For TY 2026-27, there […]
